Richard Franulovich, Head of FX Strategy at Westpac, points out that the BoC cited trade tensions as the key risk when they hiked rates but still cast a confident tone: the “economy continues to operate close to its capacity”, “exports are being buoyed by strong global demand and higher commodity prices”, and, “Business investment is growing in response to solid demand growth”. Key Quotes “The BoC is placing more weight on the “known known” of a solid domestic story versus the “known unknown” of protectionism.” “Market expectations seem reasonable given the tension between solid conditions, elevated trade risks and a policy rate slowly approaching less accommodative levels. Markets price in a 40% probability of a hike at their next MPR (Oct 25) and fully discount another hike at the subsequent MPR (Jan 2019).” “The BoC is unlikely to fuel expectations for faster hikes, trade tensions seem certain to build and Chinese growth is slowing. USD/CAD likely has a tough time breaking down sustainably through 1.3000 near term.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ripple Technical Analysis: XRP/USD stays neutral as choppy trading action persists ahead of weekend FX Street 5 years Richard Franulovich, Head of FX Strategy at Westpac, points out that the BoC cited trade tensions as the key risk when they hiked rates but still cast a confident tone: the "economy continues to operate close to its capacity", "exports are being buoyed by strong global demand and higher commodity prices", and, "Business investment is growing in response to solid demand growth". Key Quotes "The BoC is placing more weight on the "known known" of a solid domestic story versus the "known unknown" of protectionism." "Market expectations seem reasonable given the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
